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Volkswagen expands its presence in China
Famous car brand Volkswagen intends to significantly expand its production in China.
In 2013, the year the Chinese plant of the German auto giant could produce more than 3,1 million cars a year. But by 2018, the company intends to expand immediately to 4 million cars.
According to the head of the Chinese division of Volkswagen Joachim Hizman, in recent months, the pace of sales of cars of this brand has slowed somewhat. The reason for this was the insufficient volumes of cars produced in the PRC. Therefore, the company decided to expand production.
Today, Volkswagen is the largest foreign automaker in the PRC.